Replies to post #676555 on Mr Cooper Group Inc (COOP)

[soundincrest]

Excellent Post by "BOARDDORK"

[jb92106]

Excellent reasoning...
Things are truly coming together.

~jb

[Bizreader]

Most astute analysis. I concur doctor. lol. But, 13 years should make us all doctors of weird finance.

[Large Green]

boarddork, very nice post that I concur with on the most part. LODAS, pay attention and maybe you can learn something concerning Safe Harbor, DSTs, and the bk process.

[SamuraiProgrammer]

Very interesting and, IMO, accurate post.

A few comments...

(no-thanks to bop for delaying us for another year +)

I am not a fan of bop, but fair is fair. I suspect the calendar has been set for the last decade and bop's suits didn't really hold things up. I would not be surprised to find out that she was being nudged (by her source) to file just to keep others from bothering. Just my opinion and all conjecture.

the FDIC has no jurisdiction

AMEN and thank THJMW! Not that the FDIC didn't try to get their hands on what many say doesn't exist.

Literally zero banks in the world keep their assets within the banks corporate entity.

Sadly, changes in the law since the WMB failure have made that possibly moot. Any failures in the future may end quite differently than in the past. You won't catch me playing any BK bank holding company stocks in the future.

ending the BK....as the only means to receive these 'on ice during BK' assets. Those who released will receive their share of the associated trusts accumulated/ing income, as WMI (trading as COOP) with the official end of BK and the WMILT, can once again 10 + years later...be reunited with its passive income - stand by mode 10 year holdings go to those who released. Ongoing future passive income benefits all current WMI (COOP) holders going forward.

I am not sure this is how it will unfold. IIRC, there was language in the POR stating explicitly that WMIH would only receive the listed assets. But then, again, there is the confusing language where 'equity' and 'equity interest' was used as two different things. Maybe you are right. I am hoping WMIH will have to purchase those assets from escrow holders. Again, JMO.

Maybe it'll all be blended and folded into a new M&A ?

This is what I think will happen... Acquisition by paying escrow holders in stock.

FDIC has no grip over WMI,

Agreed. The only way value will flow (IF it flows) is from FDIC to either COOP or escrows. I am not expecting it to, but one can still hope.

'largest failed bank'

Unfortunately that will always be the epitaph of WMB. In some ways, it is even true when you realize they 'failed' to avoid political mayhem.

Again, GREAT POST boarddork! GREAT POST!

[PickStocks]

This is the year all assets will on coop’s 10k….so says the OG

[Team Moth]

The bankruptcy has been officially closed many months now so the fact that nothing has happened since say it all.

Theres a reason the wmilt counsel keeps stating that theres zero $$$ for escrows...its because there is none.

So where are all the gurus, og's and financial experts now!?!?!